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Banks in Croatia Face Hit After Ruling on Swiss Franc Loans

This content was published on (Bloomberg) — Banks in Croatia face a potential hit if a ruling by the country’s Supreme Court turns out to have sided with borrowers of Swiss-franc loans in a decade-long legal dispute.

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Hong Kong Overtakes Switzerland as Top Offshore Wealth Hub

This content was published on (Bloomberg) — Hong Kong has narrowly overtaken Switzerland to become the world’s largest cross-border wealth hub, driven by an influx of mainland Chinese capital and a resurgent local equity market.

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Swiss to Vote on Stricter Neutrality Proposal in September

This content was published on (Bloomberg) — Swiss voters will decide in September if the country should strengthen its commitment to neutrality, a measure that would limit the government’s ability to impose economic sanctions.

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Switzerland’s 10-Million Population Cap Is Worrying Executives

This content was published on (Bloomberg) — At its headquarters in Basel, Swiss drugmaker Roche Holding AG employs workers from more than 100 countries. In less than a month, the access to international talent that it’s long enjoyed could come under serious threat.

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S&P 500 Hits Record High as Iran Peace Hopes Hold: Markets Wrap

This content was published on (Bloomberg) — Wall Street kicked off the holiday-shortened week with stocks joining bonds higher as hopes for a peace deal between the US and Iran overshadowed military strikes in the Persian Gulf.

Read more: S&P 500 Hits Record High as Iran Peace Hopes Hold: Markets Wrap

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Audemars Piguet CEO Resta Says Swatch Tie-up Smashed Web Records

This content was published on (Bloomberg) — For Audemars Piguet Chief Executive Officer Ilaria Resta, the response to the luxury Swiss timepiece maker’s launch of a pocket watch in collaboration with Swatch has been overwhelming.

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Ex-Credit Suisse Risk Chief Has Swiss Criminal Case Dismissed

This content was published on (Bloomberg) — Credit Suisse’s former head of compliance has avoided a criminal trial for allegedly ignoring red flags in a scandal that helped hasten the bank’s collapse, after the case was dismissed on technical grounds.

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US Stock Futures Gain as Crude Oil Drops on Iran: Markets Wrap

This content was published on (Bloomberg) — Global stocks rose to record highs as crude oil fell after officials signaled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows. The dollar weakened.

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S&P 500 Bulls Power Longest Weekly Gain Since 2023: Markets Wrap

This content was published on (Bloomberg) — Hopes for a deal between the US and Iran that will turn a fragile ceasefire into lasting peace fueled Wall Street optimism, driving stocks to their longest streak of weekly gains since 2023.

Read more: S&P 500 Bulls Power Longest Weekly Gain Since 2023: Markets Wrap

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Adecco CEO Warns of Hit From Swiss 10 Million Population Cap

This content was published on (Bloomberg) — Staffing company Adecco Group AG has spoken out against a proposal to cap Switzerland’s population at 10 million, warning that restrictions on labor movement would curb economic growth and even harm society.

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UBS Hits Back Over Nazi-Accounts Probe Amid Senate Pressure

This content was published on (Bloomberg) — UBS Group AG accused the US lawyer overseeing a six-year-old inquiry into Credit Suisse’s handling of Nazi-linked accounts of bias and exceeding his mandate, deepening a standoff between the Swiss bank and its critics in Washington.

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Julius Baer Shares Slump as Net New Money Figure Disappoints

This content was published on (Bloomberg) — Julius Baer Group Ltd. saw client inflows slow for the first four months of the year, with the bank’s continued de-risking efforts weighing on the Swiss wealth manager’s growth aspirations.

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UBS Turns to Senior Wealth Banker to Bolster Mideast Business

This content was published on (Bloomberg) — UBS Group AG is moving the head of its Europe, Middle East and Africa wealth business to the Gulf as the bank tries to bolster its regional operations following a string of recent departures.

Read more: UBS Turns to Senior Wealth Banker to Bolster Mideast Business

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